The Next Big Idea
BIG BETS: A Practical Guide to Changing the World
Feb 1, 2024
Rajiv Shah, former administrator of USAID, shares his methodology for creating large-scale change and making the world a better place. He discusses his big bet mentality and how it led to immunizing 900 million children and saving 16 million lives. The podcast explores the culture and approach of the Gates Foundation, the importance of collaboration and inclusivity during crises, and the power of setting bold goals and forming unlikely partnerships for transformative actions. Rajiv also discusses the relevance of his lessons for the private sector and emphasizes the correlation between generosity and happiness.
54:18
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Quick takeaways
- Making big, bold bets with ambitious goals and innovative solutions can drive large-scale change and save millions of lives.
- Government institutions, in collaboration with other organizations, have the capacity to effectively implement and lead big bets for driving change and combatting crises.
Deep dives
The Power of Big Bets
Raj Shah, President of the Rockefeller Foundation, discusses the importance of making big, bold bets to drive large-scale change. These big bets require fresh, innovative solutions, unlikely partnerships, and a determination to measure results and persist. Shah shares examples of successful big bets, such as the global vaccination program that has saved millions of lives, and the efforts to provide electricity to communities in developing countries. The key is to set ambitious goals and take small, incremental actions to achieve them.
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